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the voter needs to know in advance what the laws are and what the tax rates will be. stuart: to cut off all new borrowing suddenly is economic disaster. >> that is an argument that we will continue. rasmussen poll just in car 54% of americans say they would feel safer if there was an armed guard in their school. >> i watch my son go through the school and down the stairs. >> large schools already have local police department there. stuart: there is a huge difference. connell, it is yours. connell: stuart, thank you very much. good morning, everybody. i am connell mcshane. we will be looking at what it means for your house and your car, your taxes, the whole thing. the next big headline for market baby jobs friday. where is the job creation coming from in this economy. ad space is just about gone, apparently, for this year's super bowl. you will not believe some of the money that companies are throwing around this year. welcome, everybody. we have to start with the markets. at the top of the hour, we go to the new york stock exchange. nicole: we are seeing the markets
the voter needs to know in advance what the laws are and what the tax rates will be. stuart: to cut off all new borrowing suddenly is economic disaster. >> that is an argument that we will continue. rasmussen poll just in car 54% of americans say they would feel safer if there was an armed guard in their school. >> i watch my son go through the school and down the stairs. >> large schools already have local police department there. stuart: there is a huge difference. connell,...
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the serious and the whacky new laws for 2013. let's look at some of today's winners and losers as well as we head out to break on the nasdaq. viacom is trading higher by better than 6%. we'll be right back lori: with the fiscal cliff drama over for now until we fight about the debt ceiling the president is poised to pick his next treasury secretary and charlie gasparino has the latest on that in his column today in the "new york post" who says the drama might be over, but the pain, well it is still headed our way. hi, charlie. happy new year. >> happy new year from southern california wine country, which i will start indulging right after this broadcast. lori: i heard bell chink. >> indulging. lori: indulging. what kind of town are you in, my old stomping grounds. >> what time is it? lori: lovely. enjoy. what have you got. >> they still have phones here. so i did reporting what is going on with the treasury secretary. here was the deal. it was, i think president obama wanted to pick his treasury secretary after the fiscal cliff d
the serious and the whacky new laws for 2013. let's look at some of today's winners and losers as well as we head out to break on the nasdaq. viacom is trading higher by better than 6%. we'll be right back lori: with the fiscal cliff drama over for now until we fight about the debt ceiling the president is poised to pick his next treasury secretary and charlie gasparino has the latest on that in his column today in the "new york post" who says the drama might be over, but the pain,...
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gun sales rising over concerns of tighter gun control laws. we can find some winners in the stock market. here are some of those on the s&p. ♪ she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take alis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. if you have any sudden decrease
gun sales rising over concerns of tighter gun control laws. we can find some winners in the stock market. here are some of those on the s&p. ♪ she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to...
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the effect of the change in the law, whether it's a good law or a bad law, whether you are for open borders or for very strict quotas, this is a decision that should be made by the congress, by the people's elected representatives, not by the president. the president's job is to enforce the laws that congress wrote whether he likes them or not. tracy: surprises me. we have the most ego congress in history and you'd think they want power over everything. >> well, i interviewed members of congress who disagree with what president did, but were in the party. congressman rangel, condemned the doming, why didn't he stop it? well, he's our president, he's our democrat, he does good things for us, but the argument is, you know what? it's a give-me. we'll let the president have this one because he's with us in everything else. too much of this, and the president becomes a prince or king and not a president. ashley: right. tracy: judge, setting us straight. thank you. >> pleasure, guys. are you going shopping or not? tracy: yes. ashley: liz claman going through the last hour of trading, and we have
the effect of the change in the law, whether it's a good law or a bad law, whether you are for open borders or for very strict quotas, this is a decision that should be made by the congress, by the people's elected representatives, not by the president. the president's job is to enforce the laws that congress wrote whether he likes them or not. tracy: surprises me. we have the most ego congress in history and you'd think they want power over everything. >> well, i interviewed members of...
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. >> in terms of how many new laws -- liz: that's right. >> there were 3000 regulations. liz: thank you. good to be with you, sir. really appreciated. forget the fiscal cliff. more an action from d.c. could leave another glass half empty. sandra smith with us with today's trade. sandra: people's grocery bills may go up. you are talking about that exclusion of a farm bill that may not be part of the fiscal cliff negotiations even if we do get a deal that by the end of the year. tom vill sack has been trying to get everyone into a room to hammer out a five-year deal. he has already conceded that it is unlikely that we will see that done and those farm subsidies could come out of the market. analysts are saying that prices could go up to the six to eight dollars a gallon range. milk just one of the many grocery items that could go up in prices. this is one aspect that maybe you have not thought about when it comes to your wallet. sterling smith over at citigroup says we could see less milk consumption. a lot of those dairy farmers could go out of business. liz: thank you for
. >> in terms of how many new laws -- liz: that's right. >> there were 3000 regulations. liz: thank you. good to be with you, sir. really appreciated. forget the fiscal cliff. more an action from d.c. could leave another glass half empty. sandra smith with us with today's trade. sandra: people's grocery bills may go up. you are talking about that exclusion of a farm bill that may not be part of the fiscal cliff negotiations even if we do get a deal that by the end of the year. tom...
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Dec 28, 2012
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adam: three hundred million americans aged for the law into the potomac. thank you for being with us. bill beach from the heritage foundation. the white house meeting on the fiscal cliff is less than an hour away. we will tell you which companies will be first to get slammed by automatic spending cuts and tax hikes and still ahead a critical weekend for retailers, analyst christian betts says shoppers have all the power right now. she is here coming up but as we do every day at this time we want to check how oil is moving. she's still the one for you - you know it even after all these years. but your erectiledysfun- you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anyme the moment's right. you can be more confident in your ability to be ready. and the same cialis is t only daily ed tablet approved to treat ed and symptoms of bph, like needingo go frequently or urgently. tell your doctorbout all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take
adam: three hundred million americans aged for the law into the potomac. thank you for being with us. bill beach from the heritage foundation. the white house meeting on the fiscal cliff is less than an hour away. we will tell you which companies will be first to get slammed by automatic spending cuts and tax hikes and still ahead a critical weekend for retailers, analyst christian betts says shoppers have all the power right now. she is here coming up but as we do every day at this time we...
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Dec 31, 2012
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what kind of message does that send to the law makers? >> i think that sends a very clear message that the voters basically said we want divided government. we'll let president obama have a second term but we want the republicans who control the house and that's where tax, tax legislation originates, to basically hold the line on taxes. so i feel like the elector rate made it clear that republicans you're job to protect us from economy-strangling tags increases. this is very quick path for the republicans back into the minority in 2014. ashley: is all this a big forerunner to a big debate over the debt ceiling? >> interesting that you bring up the debt ceiling. i think that's what the republicans can do. if they basically walk away from a bad deal they have a lot more power going into 2013 in that, basically president obama is going to have to deal with them on the debt ceiling. why not negotiate from a position strength in 2013? any tax increases now are retroactive, rather than give in and basically do great harm to your brand in the ne
what kind of message does that send to the law makers? >> i think that sends a very clear message that the voters basically said we want divided government. we'll let president obama have a second term but we want the republicans who control the house and that's where tax, tax legislation originates, to basically hold the line on taxes. so i feel like the elector rate made it clear that republicans you're job to protect us from economy-strangling tags increases. this is very quick path...
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the deal that was cut is now signed into law. we're coming up on the next few months as we hit the debt limit and because the deal struck does nothing to address the structural budget problems we have come at home and spending, we will either run extremely large deficits or fix the system with tax increases further down the road or get serious about spending reform. but the current path we are on is unsustainable. cheryl: you are saying increases will be coming down the line, but what does that mean about growth? we were talking about the cliff, and was half a percent, 1% of gdp but now what you are predicting, where do you think we will be with gdp in the next couple of quarters? will we see another smack? >> in the short term it averts a recession that otherwise would have set in. the question becomes what can we do to grow the economy in the long run, and if ago that the playbook we are pulling from now where we are raising marginal tax rates on investment income, high income, individuals, that is not a strategy that is cohere
the deal that was cut is now signed into law. we're coming up on the next few months as we hit the debt limit and because the deal struck does nothing to address the structural budget problems we have come at home and spending, we will either run extremely large deficits or fix the system with tax increases further down the road or get serious about spending reform. but the current path we are on is unsustainable. cheryl: you are saying increases will be coming down the line, but what does that...
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questions with respect to the 2013 withholding since congress is still considering changes in the tax law. we continue to closely monitor the situation. we intend to issue guidance by the end of the year on appropriate withholding for 2013. december 301st. the end of the year. we are told by officials that, in fact, there will be guidance from the treasury. what i'm sensing is there kind of waiting to see what comes out of these negotiations later today before they issued this guidance to employers. cheryl: secretary tim geithner has been involved off and on in the fiscal cliff discussions and talks. you keep hearing the word retroactive. because shockingly enough, if congress can't figure something out today, who would think that what happened. that would mean that this will get pushed down to later in the weekend it would come back. congress kicks in, things become retroactive. this is d.c. don't they have the power computer, to go home and come back and figure this out? >> they do. there are two approaches going forward from today. one is maybe have a framework today and pass it next w
questions with respect to the 2013 withholding since congress is still considering changes in the tax law. we continue to closely monitor the situation. we intend to issue guidance by the end of the year on appropriate withholding for 2013. december 301st. the end of the year. we are told by officials that, in fact, there will be guidance from the treasury. what i'm sensing is there kind of waiting to see what comes out of these negotiations later today before they issued this guidance to...
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now reportedly working with a law firm on this so obviously you can see here right now is up about 7%. herbalife obviously says his whole attack is malicious and without basis. >>> we'll look at apple. apple on the move, one of the big tech movers. in this case a tech mover to the downside. tech-heavy nasdaq has been down half a percent. apple is down $4.54 at 515 and change. certainly, lori and tracy, nowhere near that $700 it was in the middle of september when we were talking about 800, a thousand. now everybody is hoping it holds the 500 mark. lori: you can't dip your toe into apple because even at 500 bucks a share it is still pretty rich. >> everybody still wants the product. it's a holiday gift. >> you hit the nail on the head nicole as always. back again in 15 with you. we were talking about this a little earlier. starbucks is urging washington to come together on the fiscal cliff literally. we have video from d.c. starbucks ceo howard schultz telling employees at all washington area stores to write, come together, on all customer cups tomorrow and friday as politicians turn t
now reportedly working with a law firm on this so obviously you can see here right now is up about 7%. herbalife obviously says his whole attack is malicious and without basis. >>> we'll look at apple. apple on the move, one of the big tech movers. in this case a tech mover to the downside. tech-heavy nasdaq has been down half a percent. apple is down $4.54 at 515 and change. certainly, lori and tracy, nowhere near that $700 it was in the middle of september when we were talking about...